Definitions for "bid/ask spread"
The Bid-Ask Spread, also known as the Bid-Offer Spread, is the quote of the...
The difference between the price that a buyer must pay on a market and the price that a seller will receive for the same thing. The difference covers the cost of, and provides profit for, the broker or other intermediary, such as a bank on the foreign exchange market.
The difference between the quoted bid and ask price of a currency.